panic selling

[maku]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

You just described the worlds stock market yes - it goes down. then it comes back up, then it goes down. Roller coaster of fear and greed

The difference between the stock market and Bitcoin is that stocks represent ownership in an underlying business that enervates profits. As an owner of that business, the stockholder is entitled to a share of those profits. Bitcoin is merely an asset. It doesn't generate any income.

We can agree that bitcoin is not linked to a product,but  it is somewhat linked to a service - it is not only an asset, but  blockchain can act like database, for example for notary purposes.
Plus - bitcoin is highly unstable to begin with, which can generate income if you trade it, in the same manner as stocks trading.

[jaysabi]

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

You just described the worlds stock market yes - it goes down. then it comes back up, then it goes down. Roller coaster of fear and greed

The difference between the stock market and Bitcoin is that stocks represent ownership in an underlying business that enervates profits. As an owner of that business, the stockholder is entitled to a share of those profits. Bitcoin is merely an asset. It doesn't generate any income.

We can agree that bitcoin is not linked to a product,but  it is somewhat linked to a service - it is not only an asset, but  blockchain can act like database, for example for notary purposes.
Plus - bitcoin is highly unstable to begin with, which can generate income if you trade it, in the same manner as stocks trading.

Yes, but the applications of storing data on the Bitcoin blockchain is extremely limited. There are alt coins entirely premised on this possibility, and it's unlikely to me that Bitcoin would play a major role in that in its current form.

But agree on the unstable nature of Bitcoin. The volatility is what attracts speculators and gamblers who seek to profit on the wild swings, but this is antithetical to bitcoin's growth as a currency, which requires it to be a stable store of value to have any real use as a currency.

[amacar2]

As expected some people dumped their bitcoins at 700 dollars, and now they dumping at 600 dollars again, miners as whales are having fun dumping bitcoin a bit buying it for the lower value possible before the new value that bitcoin will achieve soon or later. Like i had read the bitcoin wont return to the past value, 100 dollars, 300 dollars, 400 dollars this is gone now we have just 600 dollars worth.

Yes 600$ is now floor and ready for next pump later this year. Expecting dump below 500$ or even below 600$  has no any point.

[anthonydar]

As expected some people dumped their bitcoins at 700 dollars, and now they dumping at 600 dollars again, miners as whales are having fun dumping bitcoin a bit buying it for the lower value possible before the new value that bitcoin will achieve soon or later. Like i had read the bitcoin wont return to the past value, 100 dollars, 300 dollars, 400 dollars this is gone now we have just 600 dollars worth.

Yes 600$ is now floor and ready for next pump later this year. Expecting dump below 500$ or even below 600$  has no any point.

There is very little possibility for the price of bitcoin to drop below $500. It might happen in a small exchange.

[ASHLIUSZ]

As expected some people dumped their bitcoins at 700 dollars, and now they dumping at 600 dollars again, miners as whales are having fun dumping bitcoin a bit buying it for the lower value possible before the new value that bitcoin will achieve soon or later. Like i had read the bitcoin wont return to the past value, 100 dollars, 300 dollars, 400 dollars this is gone now we have just 600 dollars worth.

Yes 600$ is now floor and ready for next pump later this year. Expecting dump below 500$ or even below 600$  has no any point.

There is very little possibility for the price of bitcoin to drop below $500. It might happen in a small exchange.

Right now, there is a lot of selling action going on, and the Bitcoin price is taking a beating across all exchanges. Given the recent price surge, price fall was also expected at some point.

[madwica]

As expected some people dumped their bitcoins at 700 dollars, and now they dumping at 600 dollars again, miners as whales are having fun dumping bitcoin a bit buying it for the lower value possible before the new value that bitcoin will achieve soon or later. Like i had read the bitcoin wont return to the past value, 100 dollars, 300 dollars, 400 dollars this is gone now we have just 600 dollars worth.

Yes 600$ is now floor and ready for next pump later this year. Expecting dump below 500$ or even below 600$  has no any point.

There is very little possibility for the price of bitcoin to drop below $500. It might happen in a small exchange.

Right now, there is a lot of selling action going on, and the Bitcoin price is taking a beating across all exchanges. Given the recent price surge, price fall was also expected at some point.

I think it is a strategy of the whale to have a dump to make us panic selling but i believe that the price will going to increase and it will gives us a great profit in the future, do not be panic if there a little dump instead you will just hold and continue to collect more bitcoin because its better to have more in the future than buying it with huge amount.

[Posum578]

Why panic selling? no problem in bitcoin.
It still worth to hold it, when people selling another people buying, and why they still buying? cause they still believe it will rise again

[BeGoods]

I don't see alot of panic selling right now. Bitcoin price is staying relatively the same for this past weekend at high $600's. That wouldn't case a mass sell off. Maybe if it dropped all the sudden below $490's then I can see that happening.

thats because there are no panic sell right now in my opinion, i think people will be buying their bitcoins from now on only and that is going to be great because the price is going to go up a lot

I think the panic will not occur for alternating current bitcoin see prices coming down certainly many users have been smart to remain calm and not panic. they would have waited halving come or wait for high prices and then sell it. maybe if the price rises too high there will be panic selling

[Barbut]

If someone sell, someone will need to buy. Logic is simple in my opinion, and panic selling will occur only before the end of some bubble, or when btc go down to the ground. I think there will be no bubbles in next month, so on stable price there is no panic, everyone seems to be satisfied with current price.
I will not worry about this kind of things, if anyone selling cheap coins in panic maybe I will be a buyer, who knows. Everything depends from moment, do I see future rise, or how much is the panic buyer wish for his coins.

[phreaky]

If someone sell, someone will need to buy. Logic is simple in my opinion, and panic selling will occur only before the end of some bubble, or when btc go down to the ground. I think there will be no bubbles in next month, so on stable price there is no panic, everyone seems to be satisfied with current price.
I will not worry about this kind of things, if anyone selling cheap coins in panic maybe I will be a buyer, who knows. Everything depends from moment, do I see future rise, or how much is the panic buyer wish for his coins.

Panic selling happens as much as panic buying. You can see this in every market with amateur traders (I am not a pro) but I know that emotional and trade never go along.
Therefore it is wise to make a decision with your mind and not with your heart.

[joinal]

As expected some people dumped their bitcoins at 700 dollars, and now they dumping at 600 dollars again, miners as whales are having fun dumping bitcoin a bit buying it for the lower value possible before the new value that bitcoin will achieve soon or later. Like i had read the bitcoin wont return to the past value, 100 dollars, 300 dollars, 400 dollars this is gone now we have just 600 dollars worth.

Yes 600$ is now floor and ready for next pump later this year. Expecting dump below 500$ or even below 600$  has no any point.

There is very little possibility for the price of bitcoin to drop below $500. It might happen in a small exchange.

Right now, there is a lot of selling action going on, and the Bitcoin price is taking a beating across all exchanges. Given the recent price surge, price fall was also expected at some point.

current prices tend to be stable, prices go up and down with very little movement I don't know the current users more sell or hold their bitcoin but halving happened yesterday and there is no change in the price of bitcoin, possible that more users to sell their bitcoin now ?

[sbtctalk]

As expected some people dumped their bitcoins at 700 dollars, and now they dumping at 600 dollars again, miners as whales are having fun dumping bitcoin a bit buying it for the lower value possible before the new value that bitcoin will achieve soon or later. Like i had read the bitcoin wont return to the past value, 100 dollars, 300 dollars, 400 dollars this is gone now we have just 600 dollars worth.

Yes 600$ is now floor and ready for next pump later this year. Expecting dump below 500$ or even below 600$  has no any point.

There is very little possibility for the price of bitcoin to drop below $500. It might happen in a small exchange.

Right now, there is a lot of selling action going on, and the Bitcoin price is taking a beating across all exchanges. Given the recent price surge, price fall was also expected at some point.

Although there is a lot of sell trades, the price appears to be relatively stable and there are no signs of "panic". This is a positive sign.

[Carlsen]

As expected some people dumped their bitcoins at 700 dollars, and now they dumping at 600 dollars again, miners as whales are having fun dumping bitcoin a bit buying it for the lower value possible before the new value that bitcoin will achieve soon or later. Like i had read the bitcoin wont return to the past value, 100 dollars, 300 dollars, 400 dollars this is gone now we have just 600 dollars worth.

Yes 600$ is now floor and ready for next pump later this year. Expecting dump below 500$ or even below 600$  has no any point.

There is very little possibility for the price of bitcoin to drop below $500. It might happen in a small exchange.

Right now, there is a lot of selling action going on, and the Bitcoin price is taking a beating across all exchanges. Given the recent price surge, price fall was also expected at some point.

Although there is a lot of sell trades, the price appears to be relatively stable and there are no signs of "panic". This is a positive sign.

The halving event is over and nothing has happened.
In contrary, the price is as stable as I have not seen it for quiet some time.
I highly doubt there will be panic selling in the near future.
Maybe some steady buying, what would lead us to a constant price increase.

[farl4web]

The Chinese are masters in volume on cryptocurrencies. 

[PokerFace3]

The Chinese are masters in volume on cryptocurrencies. 

yeah they are accruing more bitcoins as possible and i guess they have very large mining farms ! they must hold huge number of btcoins !

[Dudeperfect]

Panic selling can crate domino effect and it will affect price of bitcoins but it depends on what you are calling huge. Percentage of value will affect in the correlation of overall amount transacted (sold). I will say it will just create price fluctuations as if someone is selling the price will fall and 10 others are waiting to buy at lower price so eventually it might result in increase in price of bitcoin as compared with that of when the domino selling started.

[pearnapple]

The Chinese are masters in volume on cryptocurrencies. 

of course the most volume comes from china, there are a lot of miners so they sell their bitcoins and buy it so i guess thats the main thing why, i doubt there is any panic selling right now

[anthonydar]

The Chinese are masters in volume on cryptocurrencies. 

of course the most volume comes from china, there are a lot of miners so they sell their bitcoins and buy it so i guess thats the main thing why, i doubt there is any panic selling right now

I do not think there is any panic selling. As long as the price is still above $500, that is normal market action.

[sbtctalk]

The price has remained stable for a while since halving. And we are not seeing wild spikes during weekends. The price is unusually quiet and market is quiet.

Is that a good sign?

[deisik]

The price has remained stable for a while since halving. And we are not seeing wild spikes during weekends. The price is unusually quiet and market is quiet.

Is that a good sign?

Calm before the storm. Get ready for unexpected consequences